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One year on from the 2024 election of President Trump, new research from Oxfam, the global organization fighting inequality to end poverty and injustice, shows how decades of intensifying inequality in the U.S. have culminated in a new American oligarchy, characterized by record levels of wealth concentration and outsized political power. Between 1989 and 2022, the poorest household in the top 1% gained 987 times more wealth than the richest household in the bottom 20%. In the last year alone, t